FX.co ★ Burning forecast 07.04.2019 EURUSD and trading recommendation

Today is a holiday in the US - Independence Day (July 4). Low volatility can be expected.

Recent reports on the US economy showed signs of a slowdown again: The ADP employment report showed only +100 K of new jobs, almost 2 times lower than the forecast, and this is after the failure of +45 K over the previous month.

Industrial orders - a decrease of -0.7%. The ISM indices, however, still show continued growth.

The slowdown in the US economy is playing against the US dollar.

EURUSD: We can expect a reversal upwards and the beginning of the growth trend.

From the point of view of technical analysis, it is possible to purchase from the zone 1.1260-1.1290, stop below 1.1250 - or purchases on a breakthrough to the top 1.1325 and further 1.1395

Sales are possible at the breakdown of 1.1180.